Amazon has acquired a long-established movie production company MGM
On May 26, the US online shopping major "Amazon" announced that it has agreed to acquire also US's movie production company "Metro-Goldwyn Mayer (MGM)". The total amount was 8.45 billion dollars (about 920 billion yen), which was the largest transaction amount since the acquisition of the grocery chain "Whole Foods Market" at 13.7 billion dollars (about 1.5 trillion yen) in 2017. Amazon, which develops the music and video distribution platform "Amazon Prime Video," has invested a large amount of money in the media industry and content production in recent years. According to major financial media, Bloomberg, this acquisition will get MGM to provide a lot of content with Amazon's video distribution service, which is expected to have the effect of preventing the leaving of "prime members" who are service users of Amazon.
Source: Bloomberg "Amazon Agreed to Acquire a Movie Production Company MGM-to Expand Content" (May 26, 2021) （link available in Japanese only）
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